Musicscom
Premium
join:2004-08-24
Washington, DC
| Re: yea right, years... I agree they're using our money. But I also think it's going to work out nicely. $1,000 x 73,000,000 homes is $73 billion, or, about one year's income for Verizon.
They probably have twice that much in petty cash alone.
TV over Internet or Phone lines is called NexTel.
I don't believe that it costs $1,000.00 for each house though; company figures are usually ten times the actual cost.
As for $100.00 a month for all combined services, that would a lot less than what people are paying right now for TV cable, Internet, and phone connections.
I also don't think they'll raise the rates, not at least until they have the majority of the market. And at that point, the rates are F.C.C. regulated and scrutinized anyway, while competitors will force them to keep the rates low too.
It's funny about AT&T, because Comcast is AT&T/Comcast, a Pennsylvania Corporation.
Most of the stocks are in various pension funds, especially government employee pension funds. So that's who pretty much sits on the boards of directors and determines the direction and rates of the services, i.e., your friendly government employee, policemen's and Firemen's Retirement Funds, AFSCME Retirement Funds, and a lot of private Retirement Funds, including IRA's, Roth's, etc.
It looks like it's going to work and will be a lot better than the privately held cable companies. |
